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3 star

Kotak Infrastructure and Economic Reform Fund - Standard Plan


1 Lakh

Investment declined to
₹ 0.79 Lakh

₹ 10000

Monthly SIP Declined to
₹ 3.21 Lakh

Suitability:

This is a fund that invests mainly in shares of companies engaged in infrastructure-related activities or are expected to benefit from them.

We believe that investors should avoid funds that have a narrowly defined investment mandate such as this one. Instead, they should invest in multi-cap funds which provide complete freedom to the fund management team to invest in companies from which it expects maximum gains.

But if you do invest, you must do so only through the SIP route. Click here to read a primer on SIP investing.

Warning: Do not invest in this, or any other infrastructure fund, if you need to redeem your investment in less than five years.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh are taxed at the rate of 10%.
  • If the mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 15%.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund -13.76 0.33 0.01 -4.10 1.85 14.42 -12.91 -7.64 1.83 12.25 5.56
S&P BSE India Infrastructure TRI -19.15 0.96 -0.50 -5.02 1.36 7.03 -22.09 -13.01 -1.86 2.95 0.19
Equity: Sectoral-Infrastructure -11.00 0.25 0.77 -3.22 3.35 14.87 -10.04 -6.46 1.70 10.18 3.00
Rank within category 14 6 18 13 11 9 12 15 13 6 3
Number of funds in category 21 21 21 21 21 21 21 21 21 19 18

As on 20-Oct-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Kotak Infrastructure and Economic Reform Fund - Standard Plan  | Invest Online
3 star
Feb-08 -12.91 -7.64 1.83 2.52 235
L&T Infrastructure Fund  | Invest Online
4 star
Sep-07 -16.97 -9.70 3.31 2.27 1,106
Franklin Build India Fund  | Invest Online Now
4 star
Sep-09 -14.23 -4.02 3.45 2.37 821
SBI Infrastructure Fund  | Invest Online
4 star
Jul-07 -6.14 -1.29 4.84 2.58 432
Nippon India Power & Infra Fund  | Invest Online
3 star
May-04 -7.76 -7.87 2.66 2.36 1,068

Best & Worst Performance

Best (Period) Worst (Period)
Week 27.39 (13-May-2009 - 20-May-2009) -18.91 (16-Mar-2020 - 23-Mar-2020)
Month 38.63 (11-May-2009 - 10-Jun-2009) -37.92 (20-Feb-2020 - 23-Mar-2020)
Quarter 81.14 (09-Mar-2009 - 10-Jun-2009) -40.79 (02-Sep-2008 - 02-Dec-2008)
Year 126.07 (09-Mar-2009 - 11-Mar-2010) -58.55 (29-Feb-2008 - 02-Mar-2009)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -3.27 25.05 -0.33 -0.35 0.91 4.76
S&P BSE India Infrastructure TRI -9.28 25.78 -0.56 -0.72 -- --
Equity: Sectoral-Infrastructure -2.35 25.59 -0.28 -0.33 0.93 5.93
Rank within category 14 11 15 10 12 15
Number of funds in category 21 21 21 21 21 21

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 30-Sep-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 34
Top 10 Stocks (%) 48.18
Top 5 Stocks (%) 28.31
Top 3 Sectors (%) 64.87
Portfolio P/B Ratio 2.31
Portfolio P/E Ratio 18.67

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 18,511 33,258
Giant (%) 21.93 28.74
Large (%) 8.54 14.54
Mid (%) 38.65 27.81
Small (%) 30.88 29.68
Tiny (%) -- 1.51

Value Research Fund Style

Sector Allocation vis-à-vis Category

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Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
equal Reliance Industries Energy 34.31 6.11 0.00 6.11
down Larsen & Toubro Construction 15.37 6.62 3.66 5.94
equal Ultratech Cement Construction 24.62 6.31 2.96 5.59
down Solar Industries Chemicals 38.65 6.26 2.87 5.50
down Shree Cement Construction 51.36 7.46 4.01 5.17
equal Supreme Industries Chemicals 42.71 4.24 1.14 4.17
equal Thermax Engineering 65.46 4.68 2.53 4.09
equal Bharti Airtel Communication -- 4.90 0.00 4.03
down AIA Engineering Metals 27.66 4.46 1.87 3.93
down APL Apollo Tubes Metals 33.95 3.65 0.00 3.65
equal Schaeffler India Engineering 50.88 4.21 2.80 3.61
down Gujarat Gas Chemicals 19.37 3.87 1.39 3.54
equal HG Infra Engineering Construction 7.85 3.35 0.00 3.24
equal The Ramco Cements Construction 34.95 3.20 1.59 3.20
equal Ratnamani Metals & Tubes Metals 20.05 3.15 0.00 3.15
equal PNC Infratech Services 9.31 3.20 0.95 3.14
equal Container Corp. Services 105.64 4.00 2.30 3.10
equal Kajaria Ceramics Construction 51.54 2.74 1.57 2.74
equal NTPC Energy 13.84 3.91 1.90 2.53
equal Rail Vikas Nigam Construction 5.61 2.57 0.00 2.47
down GE Power India Construction 33.79 3.58 1.81 2.38
equal JMC Projects (I) Construction -- 3.78 1.66 2.34
equal Hindustan Oil Exploration Energy 7.59 2.51 0.00 2.25
equal Cummins India Engineering 21.22 2.62 1.39 1.89
equal SKF India Engineering 34.41 3.71 1.70 1.74

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 30-Sep-2020

Fund Manager

— Harish Krishnan since 31-Jan-2015

Education: Mr. Krishnan is a Graduate from Government Engineering College Trichur and MBA from IIM Kozhikode

Experience: Prior to joining Kotak AMC he has worked with Kotak Mahindra (UK) Ltd.

Funds Managed:


0.33%

Change from previous, NAV as on 20-Oct-2020

Growth: ₹ 17.1340

Dividend: ₹ 13.7030


Investment Strategy

The Scheme seeks to generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity-related securities of companies involved in economic development of India as a result of potential investments in infrastructure and unfolding economic reforms.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 1,000
Minimum No of Cheques 6
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) 1,000
Exit Load For units in excess of 10% of the investment,1% will be charged for redemption within 365 days

Basic Details

Fund House: Kotak Mahindra Mutual Fund
Launch Date: 25-Feb-2008
Return Since Launch: 4.35%
Benchmark: India Infrastructure TRI
Riskometer: High
Type: Open-ended
Assets: ₹ 235 Cr (As on 30-Sep-2020)
Expense: 2.52% (As on 30-Sep-2020)
Risk Grade: Average
Return Grade: Average
Turnover: 6.82%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend21-Feb-20190.4356

 28-Feb-20180.6250
 23-Feb-20170.5000
 23-Jun-20150.5000

Contact Information

AMC: Kotak Mahindra Asset Management Company Ltd

Address: 27 BKC, C-27, G Block, Bandra Kurla Complex, Bandra (E) Mumbai - 400051

Phone: 022-61152100 / 1800-22-2626

Fax: 022-66384455

Email: [email protected]

Website: http://www.kotakmutual.com

Registrar & Transfer Agent: Computer Age Management Services Ltd.

Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai - 600002

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 044-30407101

Email: [email protected]

Website: www.camsonline.com

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